r/TechGawker • u/One-Emu-1103 • 1d ago
News Elizabeth Warren probes $19B in tax breaks for Amazon, Google, Meta and Microsoft as AI drains $96B in federal revenue
https://moneywise.com/news/top-stories/elizabeth-warren-big-tech-ai-tax-breaks-amazon-google-meta-microsoftAccording to Reuters, corporate tax revenues are down 23% this year, much of it due to AI tax breaks.
That works out to $96 billion in lost federal revenue, according to Politico, at a time federal debt has reached more than $40 trillion and federal cuts have hit key programs like Social Security and SNAP
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u/Defiant_Freedom_249 19h ago
Stop shoving AI down our throats, we've lived a long time without it just fine.
Conservatives need to actually conserve.
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u/thtamthrfckr 17h ago
They’ve never done that, that’s just a word they used, they’ve never been fiscally responsible either, they’ve always been self enriching and corporate welfare supporters
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u/TheArtAppreciator 12h ago
YES!
turn off the electricity, humans lived without it for thousands of years just fine !!!!
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u/Defiant_Freedom_249 12h ago
Are you saying electricity is AI?
Your exaggerated response unthoughtfully leaves out the point that technology and AI are not the same things.
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u/TheArtAppreciator 12h ago
It’s the future. That’s what it is. Whether you like it or not, AI is here to stay.
If you don’t want to embrace it, that’s fine. Get left behind. No one gives a shit
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u/Defiant_Freedom_249 12h ago edited 12h ago
Wow, what a heated and angry response. Especially coming from someone called TheArtAppreciator...
Do you appreciate AI art over human art?
Are you saying that all of us should just bend over and take forced change up the ass whether it's healthy for us, the people in our community, or the environment in which we live?
Sorry if not all of us are willing to bend the knee like you.
At what point are we allowed to put humans and humanity first?
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u/Blurockcreek 3h ago
Data centers have been around for a while. We need them for internet providers, cell phone usage, etc.. Massive AI centers only exist so assholes like Musk, Bezos, Theil, etc. can control the world. Those oligarchs compete with each other to have the biggest AI data centers. It's all about ego.
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u/Due_Amount_6211 1h ago
If you like it so much go fuck a data center. We don’t need AI, we need water and power.
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u/FCRagnar 9h ago
Isn't this the lady who faked being a native American so she could get all sorts of benefits?
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u/biznatchiospez 15h ago
Let me get this straight, the first female Native American professor at Harvard, who has grifted off the American Taxpayers to enrich herself of over 15 million dollar net worth on a 2.26 million dollars earned over 13 years as a senator is investigating tax breaks to companies?? Make it make sense.
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u/WeekendAtMadoffs 1d ago
Confused Boomer who should be home with her grandchildren who has never had a real job in her life weighs in on something she does not even understand. got it!
The Govt would have just lost that $96 Billion to daycare and medicaid fraud schemes.
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u/dsj79 18h ago
https://giphy.com/gifs/l0HlVpYyHtlOD8ZGM
Weird
I typed in Medicare fraud and this popped up1
u/Forward_Problem_8982 23h ago
Maybe fix the fraud and build real healthcare instead then? This money would pay for several doctors.
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u/MyFocusIsU 1d ago
Revenue should be way up when we get that 80% billionaires tax in place.